> For the complete documentation index, see [llms.txt](https://soliddefi.gitbook.io/solid-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://soliddefi.gitbook.io/solid-whitepaper/master.md).

# SOLID Protocol

Whitepaper v1.1, May 2021.

![](https://3291285481-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-Mb1CMRc2ctVq0b2Q58P%2F-Mb27ekD4M7BjtLhVTrV%2F-Mb2AOA8H0THKJydRUw-%2Fphoto_2021-05-31_16-03-35.jpg?alt=media\&token=3674a564-7c8c-412e-a760-c8f9e7ebe1a1)

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Abstract— This paper explains a new mechanism based on a new supply-demand model which allows exchanges between tokens and a stable version of the token itself. It also covers the technical details how such mechanism works, by using a price formula that allows minting and burning of token without an authority. Such a new high transparency supply-demand model is possible combined with the application of blockchain.
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***Keyword— supply, inflation, blockchain, decentralize, algorithm***